Federal appeals court undercuts ACA by ruling out subsidies in federally run marketplaces, such as Virginia

Prue Salasky

One of the underpinnings of Obamacare, the sale of private insurance policies through state exchanges, received a major blow today. A D.C. court ruling says that federally facilitated state exchanges, such as the one in Virginia, cannot offer subsidized policies to consumers. More than 85 percent of Virginians buying through the exchange receive major subsidies to afford their new health-care coverage. Read the full story - and the ruling -- here: